Posted on 04/03/2011 7:32:59 AM PDT by maggief
The Republican chairman of the House Budget Committee said his party's budget proposal for 2012 would cut deficits by more than $4 trillion over the next decade, vowing to tackle costly entitlements like Medicare and Medicaid.
The proposal, set to be unveiled Tuesday, would serve as the Republicans' official response to President Obama's proposed $3.7 trillion budget for 2012. The White House claims its plan would cut deficits by $1.1 trillion over a decade.
But Ryan, R-Wis., in an interview with "Fox News Sunday," accused Obama of "punting" and said Republicans' plan would exceed the fiscal goals set by the president's fiscal commission -- which issued a report calling for $4 trillion in cuts. That report never made it out of committee.
(Excerpt) Read more at foxnews.com ...
The trouble with saying you’ll save 4 Trillion over the next decade is you can’t be sure what the next congress (House) two years from now will do. If you can’t make permanent cuts THIS YEAR, you’re just guessing at how much you will save (aka lying)
So our #1 goal with the budget is to irritate the Democrats?
The Republicans need to get control of the Senate as well as the White House.
Otherwise, just shut down the government...
If we don’t cut spending and I mean now, there’s not going to be anything left.
Funny that the complete obvious is radical and extreme.
This Congress can’t pass the budget for the Congress ten years from now. This Congress should focus on cuts that can be made this year or next. This Congress should be measured by the cuts it makes to current spending.
Reminds me of the GOP push to pass a Balanced Budget Amendment to the Constitution in the 1980’s-1990’s.
Still waiting on that. And we’ll be waiting on this as well. The solution? Forced austerity. See tagline....
I think the meme of choice these days is “kick the can down the road.”
We know what needs to be done. The problem is the lack of political will.
What good are empty promises when all we really need is REAL CUTS, NOW?
This long-term “planning,” of which everyone knows it is just hot air, is really starting to -iss me off.
Stop the car salesman talk it’s a measly 400 billion a year which is nothing.
America will still collapse what a joke...
Balance the stinking budget.
How dumb do they think we are? Next you will hear 40 trillion over the next hundred years by that time we will be a quad trillion in debt.
‘We dont have a tax problem, Ryan said. We have got to stop spending money we dont have.
I think what he means by this statement is that it is not that we are taxed too little but that we spend too much.’
Bingo!
Speaking of donuts, I wonder if some of these weight loss outfits have rules that could translate as guidance for the federal govenment.
Well lets see...
The budget is short more than a trillion dollars a year for as far as the eye can see and they want to cut $400 billion a year.
Gee, that’s only short at least $600 billion a year of a balanced budget...
That’l fix things...
If you don't eat this every day starting in 2014, you will save an estimated 200 lbs over the coming decade.
I think I gained several pounds just looking at the photo!
I would urge us to ct a trillion a year— not 4 trillion for 10 years although it is at least a start.
Over the next 10 years we will be spending approximately $17 Trillion more than we take in at the Federal level. They talk of “bold initiatives” by promising to cut 25% of that amount. That still would be nearly a Trillion dollar deficit every year for ten years. I don’t like $15 Trillion as a debt number, how does $25 Trillion sound, and right on time for the baby boomers to all be needing SS, Medicare, Medicaid, and some other sort of help paying for nursing homes, and end of life care. Even those called bold, like Ryan, are way way short of the goal.
With the numbers you push forward, the deficit in 2021 will be around $30 Trillion dollars. That would mean the payment on the interest would be around $1.4 Trillion a year. That is at current interest rates, and credit rating. A small bump could mean disaster, and large bump will mean complete destruction of the US as we know it. All of this within 10 years, and both parties are still rearranging the deck chairs on the Titanic.
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